China, American Trade War: China’s response to Trump Tariff; 34 percent of additional tariffs on US products

China Tariffs on US: China on Friday announced that it would apply an additional 34 percent of all the goods imported from the United States after the announcement of its mutual tariff. China has announced that these additional tariffs will be applicable from April 10.

Further control over those minerals

The Chinese Ministry said, “We have imposed additional tariffs with the aim of fulfilling national security and interests and fulfilling international responsibilities like disrupting nuclear weapons.” China has announced that the US will impose further control over the export of medium and heavy minerals such as Samri, Godolinium, Terbium, Dysocyum, Luteum, Scandium and Whitrium.

American tariff on China

US President Donald Trump has announced a mutual tariff on several countries including India and China on 2 April. In addition to the current tariff on China, 34 percent of tariffs were imposed. With this decision, tariffs on imported sugar goods in the US increased to 54 percent. Previously, 20 percent of tariffs were imported from China.

Dovozone fuchers

The US bench Mark Index Dowzons Industrial Average Futures fell more than 900 points as Chinese tariff vengeance against the US. Investors’ concerns over the International Tariff War between the US and other countries were trading at 39,000 points with a loss of more than 1,500 points at 5 pm on April 4. The S&P500 futures contract also fell 3 percent before the opening of the US markets on Friday 4 April. The Dosone Industrial Average (DJIA) fell 3.98 % to 40,545.93 points. At the end of Wall Street on Thursday, the S&P500 index fell 4.84 percent to 5,396.52 points. The NAS Dock Composite in New York fell 5.97 % to close at 16,550.61 points.